NEX Optimisation expands Harmony messaging network for MIFID II
August 7, 2017

NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, says it has enhanced its existing messaging services to help clients prepare for the January 3 2018 MiFID II (markets in financial instruments directive II) go-live.

NEX Optimisation says it has extended Traiana's Harmony messaging network to enable participants to exchange additional information to assist with meeting a number of regulatory obligations under MiFID II.

This includes support for data elements associated with transparency, transaction reporting, venue execution, instrument and entity identifiers, timestamps, over-the-counter post-trade indicators and unbundling of research and execution fees.

NEX Optimisation says the enhancements follow a comprehensive review of the regulation in consultation with investment firms and industry working groups, to ensure that all information associated with the above obligations is supported. The MiFID II enhancement is being implemented across all asset classes supported by the Harmony network for bi-lateral, tri-party and cleared trading paradigms. Field reference guides are available to market participants now.





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NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, says it has enhanced its existing messaging services to help clients prepare for the January 3 2018 MiFID II (markets in financial instruments directive II) go-live.

NEX Optimisation says it has extended Traiana's Harmony messaging network to enable participants to exchange additional information to assist with meeting a number of regulatory obligations under MiFID II.

This includes support for data elements associated with transparency, transaction reporting, venue execution, instrument and entity identifiers, timestamps, over-the-counter post-trade indicators and unbundling of research and execution fees.

NEX Optimisation says the enhancements follow a comprehensive review of the regulation in consultation with investment firms and industry working groups, to ensure that all information associated with the above obligations is supported. The MiFID II enhancement is being implemented across all asset classes supported by the Harmony network for bi-lateral, tri-party and cleared trading paradigms. Field reference guides are available to market participants now.



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